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Don LeBuhn Acquires Tampa Retail Property For $44.5M With Buyer's Rep Cushman & Wakefield

Property Image
SOLD
$44,500,000

Florida

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Retail67,019 SF
Sold 05/03/2022
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Property Image
SOLD

Don LeBuhn Acquires Tampa Retail Property For $44.5M With Buyer's Rep Cushman & Wakefield

1810 N Westshore Tampa, FL 33607

See Similar Deals
Retail67,019 SF
Sold 05/03/2022
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$664
Total Square Footage:67,019 SF
Transaction Type:Sale

Located at 1810 N Westshore in Tampa, this retail property spans across 6.67 acres. The transaction took place on May 3, 2022, with a sale price of $44,500,000. The total square footage of the property is 67,019, resulting in a price per square foot of $664.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $44,500,000
  • Address: 1810 N Westshore, Tampa
  • Square Footage: 67,019

The buyer's representative in this deal was Don LeBuhn from Cushman & Wakefield, while the seller was represented by Greg Matus and Adam Tiktin from Franklin Street. The seller of the property was Saber Real Estate Advisors & ARC Trust.

Players

Adam Tiktin
20 deals$261.4M volume
BROKER

Greg Matus
Franklin Street
39 deals$386.5M volume
BROKER

Don LeBuhn
Cushman & Wakefield
2 deals$89M volume
BROKER

Saber Real Estate Advisors
SELLER

Details

SOLD
IMAGE: Adam Tiktin, Don LeBuhn & Greg Matus DATE: 05/03/2022 ADDRESS: 1810 N Westshore MARKET: Tampa ASSET TYPE: Retail ~ ACRES: 6.67 SELLER: Saber Real Estate Advisors & ARC Trust BUYER'S REP: Don LeBuhn - Cushman & Wakefield (@CushWake) SELLER'S REP: Greg Matus & Adam Tiktin - Franklin Street SALE PRICE: $44,500,000 SF: 67,019 ~ PPSF: $664

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,373,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$158,099.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$210,952.70
Annual Debt Service$2,531,432.43